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(31 July): In the United Kingdom, car production fell 3.3% in the first half of 2018, as the decline in production in the UK domestic market more than offset the increase in shipments to Japan. and South Korea.
show the importance of duty-free trade with the Brexit approach, said Michael Hawes, President and CEO of the Society of Motor Manufacturers and Traders. More than eight out of ten cars built in the United Kingdom are sent abroad, while more than two thirds of the cars registered in the United Kingdom during the first six months of the year came from the United States. ; EU.
Brexit remains worrisome While the organization reiterated its call to negotiators to support "free and frictionless trade," according to a statement on Tuesday. If Britain were to leave the EU without a trade agreement, the British auto industry would suffer the "death by a thousand cuts", as the erosion of competitiveness makes it more difficult for companies to justify future investments in the country.
are huge, "Hawes at an event Monday before the release of the report." This is one of the most uncertain points in the future of the industry. automobile we've ever had. "
Highlights
1H 2018 manufacturing down 3.3% to 834,402 units; June down 5.5% 1H demand for cars built in the UK has increased by 77% in Japan, up 68% in South Korea in June, demand for home-built cars in the UK fell by 47%, 1H down 13% in June, demand for cars built for export rose 6%; 1H down 0.8% – Bloomberg
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